Trade Fallout Grows, Musk’s $30B Award, and Haggling With AI

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the US over the Asian nation’s purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies.

(2) The Swiss government said it is determined to win over the US on trade after last week’s shock announcement of 39% tariffs on exports to America.

(3) Tesla approved an interim stock award worth about $30 billion for Chief Executive Officer Elon Musk, a massive payout meant to keep the billionaire’s attention on the automaker as a legal fight over a 2018 pay package drags on.

(4) Texas Governor Greg Abbott ordered the arrest of Democratic lawmakers who left the state to block a controversial vote on new congressional maps.

(5) Palantir reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business.

(6) The UK government said it would begin detaining small-boat migrants “within days” to be sent back to France, as the two countries prepared to formalize a “one in, one out” treaty on Tuesday.

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